Using enhanced information management to gain bigger and bigger trading profits:
Computers That Trade on the News
The number-crunchers on Wall Street are starting to crunch something else: the news.
Math-loving traders are using powerful computers to speed-read news reports, editorials, company Web sites, blog posts and even Twitter messages — and then letting the machines decide what it all means for the market.
Pretty soon all Wall Street firms will be using such software to accelerate the speed with which they collect, interpret and make decisions based on the tsunami of information which impacts the markets. Fortunes will be made lost in microseconds, all without any human intervention necessary or even possible.
Of course, this also means that when the inevitable glitch turns up, rather than a small squall disrupting the markets in manageable ways, the global economy will be hit with a Class 5 + hurricane.
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